Malik-Crypto
Open Trade
Occasional Trader
1.3 Years
120 Following
23 Followers
11 Liked
1 Shared
Posts
Quotes
#PiNetworkMainnet
The Pi Network is a cryptocurrency project that aims to make crypto mining accessible to everyday users via mobile devices. Here are the key points:
1. What Is Pi Network?
Launched in 2019 by a team of Stanford graduates.
Designed to be mined on smartphones without draining battery or data.
Uses a consensus algorithm called Stellar Consensus Protocol (SCP).
Users "mine" Pi by pressing a button daily and engaging with the app to maintain their network security.
2. Phases of Development
Phase 1 (March 2019): Launch of the app and user growth.
Phase 2 (Testnet): Began in late 2020 to test the blockchain.
Phase 3 (Mainnet): Began in December 2021, but the Mainnet remains enclosed, meaning Pi is not yet listed on public exchanges. Only users who passed KYC (Know Your Customer) can transfer their mined Pi to the Mainnet wallet.
3. KYC and Wallets
To move Pi to Mainnet, users must complete KYC verification.
The app includes a Pi Wallet and a Pi Browser for decentralized apps (dApps).
4. Is Pi Network Legit?
Pi has a large community, but critics point out:
Lack of open-source code and full blockchain transparency.
No public trading value as of now.
Heavy use of ads in the app, raising questions about monetization motives.
5. Current Status (as of 2025)
Still in enclosed Mainnet.
No confirmed date for open Mainnet or listing on major exchanges.
Would you like help with mining, KYC steps, transferring Pi, or understanding its potential future?
The Pi Network is a cryptocurrency project that aims to make crypto mining accessible to everyday users via mobile devices. Here are the key points:
1. What Is Pi Network?
Launched in 2019 by a team of Stanford graduates.
Designed to be mined on smartphones without draining battery or data.
Uses a consensus algorithm called Stellar Consensus Protocol (SCP).
Users "mine" Pi by pressing a button daily and engaging with the app to maintain their network security.
2. Phases of Development
Phase 1 (March 2019): Launch of the app and user growth.
Phase 2 (Testnet): Began in late 2020 to test the blockchain.
Phase 3 (Mainnet): Began in December 2021, but the Mainnet remains enclosed, meaning Pi is not yet listed on public exchanges. Only users who passed KYC (Know Your Customer) can transfer their mined Pi to the Mainnet wallet.
3. KYC and Wallets
To move Pi to Mainnet, users must complete KYC verification.
The app includes a Pi Wallet and a Pi Browser for decentralized apps (dApps).
4. Is Pi Network Legit?
Pi has a large community, but critics point out:
Lack of open-source code and full blockchain transparency.
No public trading value as of now.
Heavy use of ads in the app, raising questions about monetization motives.
5. Current Status (as of 2025)
Still in enclosed Mainnet.
No confirmed date for open Mainnet or listing on major exchanges.
Would you like help with mining, KYC steps, transferring Pi, or understanding its potential future?
Login to explore more contents